Page 7 - Construction Sector

L&T construction arm bags significant contracts for various businesses

The construction arm of Larsen & Toubro has secured orders from prestigious clients for its various businesses, the engineering major said on Friday.The power transmission distribution business has won orders to design and construct two sub-stations in Dubai, UAE.The factories business of buildings and factories has secured another order from a leading cement manufacturer to construct a 3.5 million tonnes per annum brownfield cement plant in Nimbahera, Rajasthan.The railway strategic business unit that resides within the transportation infrastructure business has won an order from the Central Organisation for Railway Electrification (CORE).The project is part of mission electrification initiative of the central government aimed to electrify the entire Indian Railway Network to reduce the carbon footprint as well as reduce the expenditure on diesel.Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services with over 21 billion ...

Larsen & Toubro wins 'significant' contracts in various businesses

Larsen & Toubro (L&T) on Tuesday said its construction arm has won significant contracts including an order for the construction of a bridge on river Ganga in Bihar. The company did not specify the exact value of the contracts but as per its specification a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. "...The Heavy Civil Infrastructure business of L&T Construction has secured an EPC (engineering procurement and construction) order to construct a New Four-lane Bridge (parallel to the existing Vikramshila Setu) ... including approaches across river Ganga on the newly declared NH-131B at Bhagalpur in the state of Bihar," the company said in a statement. The project is scheduled to be completed in 48 months, it said. The company said its Water & Effluent Treatment business has bagged a design, build and operate order from Municipal Corporation, Amritsar for engineering, procurement & construction of bulk water supply system in the city of ...

House that: Anarock says home sales up 29% in March qtr, JLL finds down 7%

Bengaluru was the only city not to record a major yearly change in total sales number, according to Anarock.

Home sales jump 29% due to better demand in Mumbai, Pune, Hyderabad

Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally

Real estate fund managers float schemes for construction finance

Construction from AIFs will be at a higher rate than banks and NBFCs, which are currently not putting in money

US spending on construction rises 1.7% in Jan as home building continues

Spending on US construction projects rose 1.7 per cent in January as new home building continues to lift the sector

Road to recovery

Hopeful signs in data, but medium-term outlook uncertain

Infra.Market becomes India's latest unicorn after $100-million fundraising

The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.

Infra.market joins unicorn club with funding from Tiger Global, others

Infra.market is a construction materials focused online marketplace

Constructive dialogue: Cairn CEO after meeting finance secy, tax officials

India is preparing to file an appeal against the award at The Hague

L&T arm to build 2 units of Kudankulam Nuclear Power Project

The construction arm of L&T has secured an order in the range of Rs 1,000-2,500 crore to construct the Main Plant Civil Works of the Kudankulam 5 and 6 units.

Month-on-month revenue since October better than FY20: L&T IDPL's Pathak

The good news is that since October 2020, revenues for FY2021 month-on-month are much better compared to FY2020, said CEO Pathak

Delhi to launch campaign for registration of construction workers

The Delhi government will launch a month-long campaign from Monday for registration of construction workers with Building and Other Construction Workers Welfare Board

Power Mech Projects secures four orders worth Rs 1,068 crore

Power Mech Projects on Wednesday said it has bagged four different orders worth Rs 1,068.36 crore. The company has received the Letters of Award for the works worth Rs 1,068.36 crore, a regulatory filing said. The first two orders are worth Rs 449 crore each and are regarding water supply pipeline construction from the State Water & Sanitation Mission, Government of Uttar Pradesh. It has also got an order of Rs 100.36 crore for Operation and Maintenance Works from Prayagyraj Power Generation Company Ltd, in Bara, Uttar Pradesh. Another order worth Rs 70 crore is for the operation of Wagon Trippler and Truck Tripplers for Tata Steel Bhushan Steel Ltd in Angul, Odisha.

DLF, Sobha: A good time to buy real estate and related stocks, say analysts

Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing

Will take up to a year before pvt sector opens purse to capex: L&T chief

The firm's MD & CEO, S N Subrahmanyan, says L&T has reached pre-covid levels and aims to become debt free

Govt considers easing rules to attract FDI in construction sector: Report

Existing rules include a three year lock-in period before exiting

Top headlines: Farmers breach Red Fort; UN warns about Indian economy

Business Standard brings you top news of the evening

Statsguru: Recovery uneven, but upturns expected in banking, construction

Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent

Brookfield to push ahead with $513 mn India REIT IPO by 2020-end: Report

Brookfield plans to continue gauging investor demand for three more weeks before proceeding with a retail offer, the person said